Monarq, Flare and Upshift Launch XRP Yield Vault Targeting 3% to 4% APY
The post Monarq, Flare and Upshift Launch XRP Yield Vault Targeting 3% to 4% APY appeared on BitcoinEthereumNews.com. Key highlights: Monarq, Flare and Upshift launched MXRPY, a managed XRP yield vault targeting approximately 3% to 4% APY. The vault uses FXRP on Flare and allocates capital across options, arbitrage, and onchain XRPFi strategies. MXRPY starts with a 500,000 FXRP deposit cap and weekly redemptions through Upshift’s vault infrastructure. MXRPY brings managed yield strategies to XRP holders Monarq, Flare and Upshift have launched MXRPY, a managed multi-strategy XRP yield vault designed to give holders exposure to several return sources through one product. The vault is built on Flare and uses FXRP, the representation of XRP within the Flare ecosystem. 1/ The MXRPY vault is now open for deposits, curated by @Monarq_mgmt & @FalconXglobal. Bringing you more ways to earn XRP yield on @FlareNetworks. Vaults are how we bridge the gap between tokenized assets and DeFi. pic.twitte